State of Infrastructure

Kevin DeGood, director of infrastructure policy at the Center for American Progress, said the president's speech offered no new details."Creating a private equity bonanza for Wall Street will mean higher taxes, tolls, and user fees for working -- and middle-class -- Americans," DeGood said in a news release.The Trump plan calls for about $200 billion in federal dollars invested, to spark public/private partnerships to fund some $1.5 trillion in improvements.DeGood said the plan would lead to increases in state and local taxes and user fees, while shifting the cost burden to states and cities.In addition, Trump called for cutting the permitting time for road and bridge projects from about 10 years to one or two years as a way to speed up improvements.